The Ted and Lorraine Glasrud Family
The Ted and Lorraine Glasrud Family Foundation is a private independent foundation established in 2006 in Minnesota and currently based in Gilbert, Arizona. The foundation operates as a 501(c)(3) charitable organization with tax-exempt status since September 2002.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.2M
-3.7% YoY
Annual Giving
$535K
+12.4% YoY
Grant Count
28
-3.4% YoY
Avg Grant Size
$19K
+16.4% YoY
Mission & Focus Areas
The foundation solicits and reviews grant applications associated with the charitable goals and interests of the members of the foundation. No specific mission statement has been publicly provided by the organization.
Grantmaking
The foundation is an active grantmaker with the following financial profile:
Grant Range
**: Grants range from $13,000 (median) to $100,000 (maximum)
Review Cycle
are not documented in available sources.
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Geographic Focus
Where this funder awards grants
The foundation is based in Gilbert, Arizona, with a secondary address listed in Paradise Valley, Arizona. Geographic focus areas for grantmaking are not specified in available sources.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $9.19 million
- Total Revenue: $641,000
- Total Expenses: $636,000
- Total Liabilities: $0
- Total Distributions: $479,000
Historical Assets (2013):
- Assets: $4.49 million
- Income: $731,865
The foundation maintains a strong financial position with minimal liabilities and consistent annual grantmaking activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,185,262 | $9,542,957 | $7,512,386 |
| Revenue | $641,397 | $531,794 | $649,474 |
| Expenses | $635,714 | $563,020 | $552,333 |
| Qualifying Distributions | $538,255 | $479,125 | $488,532 |
| Net Investment Income | $543,938 | $447,899 | $591,597 |
| Distributable Amount | $605,845 | $532,934 | $484,890 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
139 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Deborah Lentsch - CEO
- Sharon E. Glasrud - Secretary
Both officers serve on a voluntary basis with no reported compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHARON E GLASRUD | SECRETARY | 1 | — |
| DEBORAH LENTSCH | CEO | 1 | — |
Contact Information
- Address: 225 N Pasadena St, Gilbert, AZ 85233-4507
- Telephone: 480-926-0666
- EIN: 30-0094715
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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